Is 94065, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 94065 is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, 94065 has remained a Seller's Market.

Key Takeaway

94065 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 94065, CA

How much do homes in 94065, CA cost?

Median Sold Price

$1,481,500

$956/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$311,500(-17.4%)

Key Takeaway

Homes in 94065 have sold for 17.4% less than they did a year ago.

Summary: The median home sold price in 94065 was $1,481,500 in November 2024, down 17.4% from last year, and the median price per square foot was $956.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $780K$732.5K
-6.1%
2 $1.1M$1.2M
+13.7%
3 $1.8M$1.7M
-9.3%
4 $2.7M$2.7M
-0.4%
5+ $2.4M$2.7M
+8.3%

Summary: 94065 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 6.1%, 2 bedroom homes increased by 13.7%, 3 bedroom homes decreased by 9.3%, 4 bedroom homes decreased by 0.4%, and 5+ bedroom homes increased by 8.3%.

Median Sold Price Compared To Nearby Zip Codes

94002
+9.8%
94070
+3.5%
94404
+0.7%
94065
-17.4%

Housing Supply in 94065, CA

How many homes are available in 94065, CA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
3126-16.1%

Summary: The 94065 real estate market had 26 homes for sale in November 2024, a 16.1% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 64
-33.3%
2 108
-20.0%
3 95
-44.4%
4 58
+60.0%
5+ 11
0.0%

Summary: The 94065 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes decreased by 20%, 3 bedroom homes decreased by 44.4%, 4 bedroom homes increased by 60%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
149-35.7%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 94065, you could pay more than the asking price. 55.6% of homes here sold above asking price last month.

Summary: A total of 9 homes were sold or pending in 94065 in November 2024, down by 35.7% month-over-month. Of the 9 sold homes, 22% were sold under asking, 22% were sold at asking, and 56% were sold over asking.

Days on Market for 94065, CA

How long does it take to sell a home in 94065, CA?

Average Sale Time

Nov 2023Nov 2024CHANGE
16 Days18 Days+11.3%

Summary: Homes in 94065 had an average of 18 days on market in Nov 2024, up by 11.3% compared to last year.

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 94065 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 9 homes were sold in 94065; 78% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 21 Days Ago

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